New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-09-01
ALBERT NETTER LEA YES TOWN.
MR.. HOADLY PROMISES TO PRODUCE HIM.

SUIT GROWING OUT OF THE FAILURE OF TEN
YEARS AGo-LossNs BY REHYPOTHEcATIoNs
Albert Netter for whose arrest arrant was issued
on Tuesday account of his fraudulent rehypothcca-
tion OF securities while In business In Wall Street
nearly ten years ago. has again lett the State. He Is
said by his friends to have gone to Cincinnati wero
he has spent the last few years. aud where he married
daughter OF Isaac Wolf wealthy clottier. IL is
said that he will ieturn Monday, but persons
are sceptcal enough to think that settlement OF the
outstanding claims against him may be made better
advantage at distance he bulk OF this indebted
has been discharged through the efforts of Edgar
M. Johnson, his counsel who is now Europe. Ex-
Governor Hoadly OF Ohio, who with Mr. johnson re-
moved to this city last sprr z, said yesterday that
Meter was his partners Client not his own, but that
he had had something do with his affairs recently.
I" did agree on Thursday that Meter should be on
hand the next day." he said, but arrest was
attempted then l do not feel bound by my promise.
] an very sure that Meter will be here Monday.
The fact Is that oilers OF settlement of this suit
made. and only when they were rejected was there
any talk of arrest l thiuk that alter the Monday
holiday the officers will have nc difficulty in finding
Meter IT they wish to 90 so.'
AT the office of Albert Meter g. Co., No II Wall
ST., member OF the firm said that only few claims
remained unsettled. 81 cannot state The exact
amount for the transactions were long before my
time. only Joi ed the firm recently. am sure,
however, that Mr.. Meter will be here on Monday
The amount that he owes on these old claims is
email"
that he knew nothing OF where Mr.. Meter was. lie
supposed that he had received ming from the re.
mature rubicat oil the obtaining OF the order OF
arrest and might have left the eitv The information
cad not come from him Cir. Freeman) and there was
probably n leak in the Sherhs office. Mr. freeman
said ttt he did not care to talk about Mr.. Meters
rast history its discussion would do no good. he
had Lost money by him and wanted to get 1t back.
Mr.. Meter had made an otter OF settlement with him
nc time but it was too small to be cons dered.
That is all that he knew about him until be returned
to Nev-1Ork and opened office tor business.
then Thought it wGs about time 10 try TO get our
money pack" said Mr.. Freeman, I" and we began the
proceedings which are now known to the public"
John X. Dos Passes. counsel tor the compainants.
said that he had Governor Hoadl, promise to pro-
duce Meter whenever he might be wanted and he
would rather that promise than any security that
Meter could offer. Mr.. Dos Passos said Tue suit
BROUGHT b., Da\i IL Freeman. predecessors OF h. Z.
Freeman & Co.. is to Recover the difference they
compelled to pay to obtain securities which had been
pledged with him TOR loans before the failure OF his
firm ten We rs ago and which he had rehyp0thecGted.
The order OF Is base the affidavit OF Alfred
II. Allen, n well-known Wall Street money broker,
who negotiated the TO Netter il 1877. Mr..
Freeman also makes complaint. In this case Meter
advanced ney to Davis 81 Freeman on New-York
Central stock OF the par value OF 100000, although
the m lrket value f.S0O, 900 The loan was mado
at the par value of the stock, and Meter at once put
the stock up tor loans to its I'LL market value I1e
firm OF Davis & Freeman. alter Setter had failed,
compelled to paw R4S0lS II to secure the re-
turn OF this stock. They are seeking to recover this
and the interest from December 20, 1877 which
amounts to about $4,000. In reply 10 Meters
claim that he was discharged from bankruptcy we
say tDat the loan haVnl been trauduentlv contracted
the bankruptcy proceedings do not release him"
Some ot the Street rumOfs have connected the name
of Simon Borg e. Co. WITH the bu .inass dealings OF
Mr. Meter since his return TO New-YOrk. Mr.. Borg Is
IN EurOre, where le has been since last spring.
a member OF the firm yesterday staten emphallcally
that his house had had no dealings with Meter
directly IL directly. and knew nothing about his
affairs or where be was.